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Manufacturing, Inc. The various financing options that have been reviewed <br />and discussed between the city administrator, assistant city administrator, <br />and myself. <br /> <br />The Elk River Fire Department Truck Committee has volunteered many <br />hours over the past twelve to fourteen months putting together a set of <br />specifications that address today's firefighting and firefighting into the year <br />2010 and beyond. I, along with the Elk River Fire Department Truck <br />Committee, will be present at the August 19, 1996, City Council meeting to <br />answer any questions you may have in reference to approval of the 1250 gpm <br />triple combination firefighting apparatus. If you have any questions prior to <br />the August 19 Council meeting, please feel free to give me a call at the Elk <br />River Fire Department at 441-4919. <br /> <br />The financing package that is being recommended calls for $74,000 to be paid <br />on this truck. This is the 1995, 1996, and 1997, reserve allocation that the <br />City Council has and is expected to approve during the budget process. The <br />balance of the truck will be financed in the years 1998-2004 on a <br />lease/purchase plan. The annual expenditure is expected to be $41,000 and <br />this expenditure is scheduled to be financed through contributions to the city <br />from the utilities department. <br /> <br />I support this purchase from Pierce and the financing method. I am always a <br />little concerned when the city only receives one bid for a piece of equipment <br />that is in this price range. However, this is not unusual in the fire <br />equipment industry. I feel comfortable that the fire department has gotten a <br />good product at a good price. '( ?~ I(~ ~,~ <br /> <br /> <br />